Hot Research PM

Corning May Display Some Weakness

National Securities cut estimates on the glass giant.

January 28, 2013

Corning (GLW: NYSE) By National Securities ($12.24, Jan. 28, 2013)

We believe that Corning shares remain tied to the health of the liquid-crystal-display industry, which has been improving (panel-pricing, inventory levels, utilization rates). On the other hand, demand visibility remains limited due to the macro and as such, shares may be range-bound for the near-term.